Carraro, an italian producer of components for tractors and construction vehicles that the Carraro and Arduini Families delisted from Milan market in 2021, is marketing a 100-120 million euros bond due to mature in 5-6 years with a fixed rate coupon of at least 2.75% (See here a previous post by BeBeez). The company will list the bonds on Luxembourg and Milan markets and invest the raised proceeds in refinancing its current debt and repaying a bond issued in 2018 earlier then scheduled. Carraro’s net financial debt is of 138.3 million (143.8 million in 2020).
Scannell Properties, a real estate investor based in USA, aims to develop 10 logistic centres based in Italy, that are already in its portfolio with the proceeds of a green loan of 308 million euros that Natixis provided (see here a previous post by BeBeez).
Capital Dynamics and EOS Investment Management, a British investment firm that Ciro and Natalino Mongillo founded, received a 15-years green loan of more than 55 million euros from ING and UniCredit (See here a previous post by BeBeez). SACE provided a warranty for the facility. The borrowers will invest the proceeds in the development of grid parity renewable energy plants.
AdSP Mlor, the authority for the port system of Eastern Liguria, received a 21 million euros loan from Cdp (see here a previous post by BeBeez). AdSP will invest the proceeds in refurbishing the port of Marina di Carrara. Sources close to the AdSP said to BeBeez that such investments are not under the influence of F2i Holding Portuale (fka Porto di Carrara) that belongs to F2i since 2019.
Basso Fedele e Figli, an Italian producer of olive oil, issued a floating rate sustanability linked minibond of 4 million euros that Unicredit subscribed and or which SACE provided a partial warranty (see here a previous post by BeBeez). The issuance is part of Unicredit’s programme Bond Food Mezzogiorno that aims to support agrifood companies based in the South of Italy. Unicredit will charge Basso Fedele e Figli with a lower rate upon the achievement of ESG targets. Fabrizio Basso is the company’s ceo. The companies that previously joined Bond Food Mezzogiorno and issued bonds for 31 million with the warranty of Sace are IBG, Moak, Cantine Ermes, Caseificio Palazzo, Gustibus Alimentari, De Martino, Mangimi Leone, Almeda, Leone Group, Società Agricola Garofalo, and Bibite Polara. Sources previously said to BeBeez that the programme has not a set plafond. Sign up here for BeBeez Newsletter about Private Debt and receive all the last 24 hours updates for the sector.
Milan-listed real estate player Gruppo Gabetti received a five-years direct lending facility of 6.5 million euros from Azimut Direct (fka Epic sim) with the warranty of Sace (see here a previous post by BeBeez). The company will invest the resources in the business development of its subsidiaries Abaco Team and Gabetti Franchising. In 3Q21, Gabetti posted sales of 135.8 million, an ebitda of 15.6 million and net profits of 5.8 million.
On 28 January, Friday, Europa Factor issued a minibond of 5 million euros listed on Milan market (si veda qui il (See here a previous post by BeBeez). The bond is due to mature on 31 December 2027 and pays a rate of 4.5%. Europa Factor belongs to the Bottone Family and will invest the raised proceeds in acquiring NPL portfolios with a focus on the sectors of utilities, tlc and commercial, the implementation of new governance model and its organic growth.
Italian rice producer SP received a 6-years 4.6 million euros loan from Milan-listed illimity Bank for which Sace provided a warranty (See here a previous post by BeBeez). The bank will also provide a factoring facility of 3.5 million for acquiring the credit that SP has with its foreign clients. SP signed a joint venture with Japan’s JFC for the production of sushi rice Yume.
Methalterm, a third-parties heat treatment of metals company, issued a one million euros minibond due to mature in 2026 with cap and floor floating rate (see here a previous post by BeBeez). The company will place the issuance on Crowdbond, a portal of Opstart and list it on Vienna exchange. Methalterm has sales of 3.8 million with an ebitda of 0.233 million. Sign up here for BeBeez Newsletter about Private Debt and receive all the last 24 hours updates for the sector.
On 26 January, Wednesday, Officine CST, a credit servicer that belongs to private equity Cerberus, appointed Paolo Gesa as ceo for replacing in the role the founder Gianpiero Oddone who now became vicepresident (See here a previous post by BeBeez). Giuseppe Vegas resigned from his vicepresident role. Roberto Nicastro is the chairman of CST.
In 2021, Generalfinance, a provider of factoring facilities for companies in distress, posted net profits of 9.5 million euros (+77% yoy) with an equity of 32 millioni (22.6 million) (See here a previous post by BeBeez). The brokerage margin is of 23.9 millioni (+39%), the interest margin is of 6.2 million (+52%).
Milan-listed real estate Gruppo Borgosesia appointed Giada Merendino as the head of alternative assets (see here a previous post by BeBeez). Merendino will be in charge of developing the acquisition of distressed credits (large corporate loans), real estate assets coming bankruptcy procedures through arbitrages. Merendino previously worked for Unicredit, Prelios and Europa Investimenti. In 2015, she has been the ceo of Lio Capital and in 2018 worked for Sator as the manager of the NPEs fund.
Fire, an Italian servicer for distressed and in bonis credits that belongs to the Bommarito Family, acquired a portfolio of NPLs of 4 million euros from Cassa di Risparmio di Asti (CR Asti) (See here a previous post by BeBeez). The NPEs of CR Asti amount to 7.5 billion.
Gardant, a credit servicer and investor born from the spin-off of Credito Fondiario, appointed Anna Tosolini as cfo and Raffaele Scote as fund manager of Gardant Investor sgr, whose ceo is Guido Lombardo (See here a previous post by BeBeez).
